2003-02-12 Police Fund Meeting\J
CITY OF OKEECHOBEE
POLICE PENSION FUND
FEBRUARY 12,2003
MIlVUTES
Trustees Present: Dennis Davis, Tommy Raulerson, Steve Padgett
Trustees Absent: Steve Nelson, Bettye Taylor
General Meeting called to order by L.C. Fortner at 5:00 PM
A general report was given by Bruce Bridges of Invesco.
Ernie Mahler III of Salomon Smith Barney followed.Mr. Mahler advised the boards that he
Felt it was time to conduct a money manager search to see what other options were available.
Mr. Mahler called a special meeting for April8u' 2003 at which time Mr. Mahler will address
the boards with possible options.
All Boards conducted separate meetings.
Chairman Dennis Davis called the Police Pension Board to order at 6:10 Pm
• Tommy Raulerson made a motion to accept the minutes ofNovember 13,2002,Seconded by
Steve Padgett. Motion carried unanimously.
Steve Padgett made a motion to approve Monthly Electronic Transactions between Salmon smith
and Barney and Wilshire Associates. Seconded by Tommy Raulerson . Motion carried
unanimously.
Motion made by Tommy Raulerson to approve expenditures from 10/10/02 thru 12/31/02 for a
total of $34,978.10. Seconded by Steve Padgett . Motion carried.
Motion made by Steve Padgett to accept new employees ,William Hickman ,Christopher Hill,
and Mark Shireman. Seconded by Tommy Raulerson . Motion carried.
Motion made by Tommy Raulerson to accept termination of inember John Ashby. Seconded by
Steve Padgett. Motion carried.
Motion made by tommy Raulerson to adjourn meeting at 6:30pm. Seconded by Steve Padgett.
Motion carried. Meeting adjourned.
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